Vista Investment Partners LLC Sells 5,294 Shares of OGE Energy Corp. (NYSE:OGE)

Vista Investment Partners LLC lessened its position in OGE Energy Corp. (NYSE:OGE) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,501 shares of the utilities provider’s stock after selling 5,294 shares during the period. OGE Energy comprises about 1.8% of Vista Investment Partners LLC’s portfolio, making the stock its 11th largest holding. Vista Investment Partners LLC owned 0.07% of OGE Energy worth $5,837,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of OGE Energy in the third quarter valued at about $30,000. Kimelman & Baird LLC bought a new position in OGE Energy in the 2nd quarter valued at about $38,000. Fortitude Family Office LLC acquired a new stake in OGE Energy during the third quarter worth approximately $63,000. Wilmington Savings Fund Society FSB bought a new stake in shares of OGE Energy during the third quarter worth approximately $134,000. Finally, Blue Trust Inc. grew its position in shares of OGE Energy by 45.1% in the third quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 1,236 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the transaction, the vice president now owns 20,918 shares of the company’s stock, valued at $896,127.12. This represents a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays reduced their price target on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.00.

OGE Energy Stock Performance

NYSE:OGE opened at $43.15 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. OGE Energy Corp. has a fifty-two week low of $32.06 and a fifty-two week high of $44.41. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.63 and a beta of 0.77. The stock has a fifty day moving average price of $42.09 and a 200-day moving average price of $40.62.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The firm had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.20 earnings per share. OGE Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that OGE Energy Corp. will post 2.16 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.91%. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.